Unilever, Britain’s third-biggest company, is scrapping its London HQ and will focus corporate activity on Rotterdam
The maker of Marmite and Dove soap announced a review of its dual-headed structure last year after seeing off a $143 billion takeover offer from Kraft Heinz.
It has operated with two bases since the 1930s when Dutch margarine firm Unie merged with British soap maker Lever Brothers.
Ir is reorganising into three divisions: beauty and personal care, home care, and foods and refreshment.
The first two divisions will be headquartered in London, while the third will continue to be based in Rotterdam.
The Anglo-Dutch company’s 7,300 UK staff will be unaffected by the changes and the company will continue to be listed in London, Amsterdam and New York.
The decision has been seen by some analysts as a blow to the UK government’s Brexit plans, but the company insisted Brexit was not a factor.
Unilever’s chief executive Paul Polman said: “The opposite is true. “We would not be investing in our two headquarters here for the two divisions in the UK. We would not have secured the £1bn spending if that were the case.
“Both countries are very attractive from an investment point of view. We have a long history here that we are proud of and we’re happy that we can continue to build on that.”